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French pharmaceutical firm Ipsen S.A. (IPSEY) Friday said its first-half net profit attributable to shareholders of the company increased to 104.0 million euros from 96.2 million euros last year. The prior-year results have been restated. Earnings per share were 1.26 euros, up from 1.15 euros last...

Barclays Plc. (BARC.L, BCS) has committed $275 million in financing to Detroit to exit from its bankruptcy after it gets court approval for its debt reduction plans at a trial beginning next week. Detroit filed the biggest municipal bankruptcy in U.S. history last year. It now seeks court approval...

Deutsche Telekom AG (DTEGY.PK) is willing to negotiate a sale of its T-Mobile US Inc. unit for an offer of $35 per share or more, Bloomberg reported, quoting a person with knowledge of the matter. T-Mobile is the fourth-largest wireless carrier in the U.S. Senior managers of Deutsche Telekom reportedly...

European oil giant Royal Dutch Shell Plc. (RDS-B, RDSB.L, RDSA.L, RDS-A) has submitted a revised plan to the U.S. government to drill in the Arctic Ocean, off the coast of Alaska, the Financial Times said. Shell has submitted its exploration plan to the Bureau of Ocean Energy Management, which controls...

Pharmaceutical company Prestige Brands Holdings, Inc. (PBH) has agreed to divest assets and marketing rights for the over-the-counter motion sickness drug Bonine to settle Federal Trade Commission charges that its proposed acquisition of Insight Pharmaceuticals Corp. would likely be anticompetitive....

Private equity giant Blackstone Group LP (BX) is mulling the sale of its New York city skyscraper '1095 Avenue of the Americas' in what could be one of the most expensive building sale in the U.S., according to media reports on Thursday. The building is a 42-story, 1.2 million-square-foot office tower,...

Amira Nature Foods Ltd. (ANFI) Monday reported first-quarter profit before tax of $12.0 million or $0.25 per share, up from $9.6 million or $0.21 per share in the same period last year. Adjusted profit after tax for the latest first quarter rose to $9.3 million or $0.26 per share from $7.4 million...

Veeva Systems Inc (VEEV) Thursday reported an increase in profit for the second quarter, reflecting higher subscription revenues, with both earnings and revenue beating Wall Street analysts estimates. Shares of the company jumped 15 percent in the after-hours trade, following the announcement of results. Moving...

Era Group Inc. (ERA) announced that Sten Gustafson has resigned as Chief Executive Officer or CEO and as a director of the company effective August 29, 2014. The company said its Board has named Christopher Bradshaw, Era's Executive Vice President and Chief Financial Officer, as Acting Chief Executive...

Pacific Sunwear of California Inc. (PSUN), a specialty retailer focused on teens, Thursday reported a swing to second-quarter profit from a loss last year, reflecting revenue growth and a gain on derivative liability. Anaheim, California-based Pacific Sunwear's second-quarter net income was $7.5 million...

Digital imaging solutions provider OmniVision Technologies Inc (OVTI), Thursday reported an increase in first-quarter profit, driven largely by growth in revenues and stronger gross margins. Both earnings and revenues for the quarter trounced Wall Street analysts' estimates. Santa Clara, California-based...

Data-analysis software maker Splunk Inc. (SPLK), Thursday reported a second-quarter loss that widened from a year ago, on higher expenses and notwithstanding a 52 percent surge in revenues. Nonetheless, adjusted earnings for the quarter trumped Wall Street analysts estimates, with revenues also topping...

Payments processor Net 1 Ueps Technologies Inc. (UEPS), Thursday reported a surge in profit for the fourth quarter, as revenues jumped 55 percent, sending its shares up 20 percent in after-hours trade. The company's fourth-quarter net income was US$28.6 million or US$0.59 per share, compared to US$8.3...

OmniVision Technologies Inc (OVTI) Thursday reported first-quarter net income of $45.3 million or $0.78 per share, compared to $23.1 million or $0.42 per share in the comparable quarter last year. Excluding items, adjusted earnings for the quarter were $54.4 million or $0.91 per share, up from $31.7...

Splunk Inc. (SPLK), Thursday said second-quarter net loss was $60.8 million or $0.51 per share, wider than $13.7 million or $0.13 per share in the comparable quarter last year. Non-GAAP net income for the latest second-quarter was $1.2 million or $0.01 per share, compared to net loss of $1.2 million...